Question

a company declares a dividend of 15% on a share whose face value is RS 100 and market value is RS140 to find (1) how many shares can be purchased out of RS 12,600? (2)what is the dividend ?​

Answer 1

i)Total shares purchased = Total investment/MV

=12600/140=1260/14=630/7=90

No. of shares purchased by amt ₹12,600 at MV=₹140 is 90 shares

ii) Dividend is the amt given by the company at the end of the year to the share holder ... this Dividend percentage is calculated on FV declared by the company.

Here Dividend = 15 percent of FV
=15/100×100
=₹15 on each share

Total Dividend = 15 × no. of shares
=15×90
=₹1350

Dividend = ₹1350

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Answer 2

Hope it will help u.......